I was going through some messages posted at telegram channel and I saw they mentioned about buyback program. But it will take time for a exchange bro start generating profit and then start the buyback.
I agree, it takes some time till a new exchange generate profit. The ONAM team has said it multiple times that they buy-back tokens and burn a percentage. I have no doubt that they will do so.
Unsold tokens will all be burnt. If they reach the hardcap, the max supply will be 300 million. When the softcap is reached, around 50 Million tokens were sold.
How much has been raised so far? I see that their telegram has gotten a good number of participants. The numbers keep increasing which is great. Looks like there is an interest taking place.